44,211 Shares in Owens & Minor, Inc. (NYSE:OMI) Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC purchased a new position in shares of Owens & Minor, Inc. (NYSE:OMIFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 44,211 shares of the company’s stock, valued at approximately $852,000. Campbell & CO Investment Adviser LLC owned about 0.06% of Owens & Minor as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of OMI. Victory Capital Management Inc. raised its position in shares of Owens & Minor by 36.6% during the 3rd quarter. Victory Capital Management Inc. now owns 130,630 shares of the company’s stock worth $2,111,000 after purchasing an additional 35,019 shares during the last quarter. New York State Common Retirement Fund grew its stake in Owens & Minor by 14.6% during the 3rd quarter. New York State Common Retirement Fund now owns 58,008 shares of the company’s stock valued at $937,000 after acquiring an additional 7,397 shares in the last quarter. Swiss National Bank grew its stake in Owens & Minor by 1.0% during the 3rd quarter. Swiss National Bank now owns 159,100 shares of the company’s stock valued at $2,571,000 after acquiring an additional 1,500 shares in the last quarter. Gabelli Funds LLC purchased a new stake in Owens & Minor during the 3rd quarter valued at about $1,899,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Owens & Minor by 8.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 786,749 shares of the company’s stock valued at $12,714,000 after acquiring an additional 59,128 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Insider Activity

In related news, EVP Heath H. Galloway sold 2,031 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $20.18, for a total transaction of $40,985.58. Following the transaction, the executive vice president now owns 56,898 shares of the company’s stock, valued at approximately $1,148,201.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Owens & Minor news, CFO Alexander J. Bruni sold 10,568 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $17.76, for a total value of $187,687.68. Following the completion of the transaction, the chief financial officer now owns 49,950 shares of the company’s stock, valued at approximately $887,112. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Heath H. Galloway sold 2,031 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $20.18, for a total transaction of $40,985.58. Following the completion of the transaction, the executive vice president now owns 56,898 shares of the company’s stock, valued at approximately $1,148,201.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,923 shares of company stock valued at $686,911. 3.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OMI. Leerink Partnrs reaffirmed a “market perform” rating on shares of Owens & Minor in a research note on Monday, February 26th. Citigroup upped their price objective on shares of Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Robert W. Baird dropped their price objective on shares of Owens & Minor from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. StockNews.com cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, TheStreet raised shares of Owens & Minor from a “d+” rating to a “c-” rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.29.

Read Our Latest Stock Analysis on OMI

Owens & Minor Stock Performance

Owens & Minor stock opened at $17.67 on Friday. The firm has a 50 day simple moving average of $21.85 and a 200-day simple moving average of $21.70. Owens & Minor, Inc. has a 1-year low of $13.64 and a 1-year high of $28.35. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.16 and a quick ratio of 0.56.

Owens & Minor (NYSE:OMIGet Free Report) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Owens & Minor had a negative net margin of 0.37% and a positive return on equity of 12.97%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.05 EPS. Sell-side analysts anticipate that Owens & Minor, Inc. will post 1.53 earnings per share for the current year.

Owens & Minor Company Profile

(Free Report)

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.

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Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

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